Great Scott goes German

High profile strategist, David Scott joins Deutsche Bank.

In further evidence that banks are prepared to pay up for talent even in these difficult times, Deutsche Bank has hired David Scott - one of the region's most popular strategists and reckoned to be worth a very high seven figure package per year.

More surprising still, Scott turned down a substantial offer from Goldman Sachs to join Deutsche. Friends in the market say Scott's personality may explain this. The Scotsman's persona could hardly be described as Goldmanesque.